Is the world on the brink of a financial crash? Europe, Asia and US markets plummet.

Added on
11/10/2018

(Express.co.uk) -- Global markets have been plunged into chaos today with stocks plummeting in Europe and Asia following Wall Street’s worst day since February. Shares sank into a sea of red as world markets slumped to their lowest level in eight months, according to data provider MSCI.

Investors have been rattled about rapidly rising interest rates and an expected slowdown in global economic growth.

While in Europe, the market has also felt the ripple effects of the ongoing fallout between Italy and European Union chiefs over Rome’s deficit budget proposal.

The FTSE 100 opened down 1.6 percent, while the pan-European Euro Stoxx 600 Index had dropped by 1.2 percent in early deals.

In Italy, the FTSE MIB had tumbled by 1.5 percent this morning.

Markets also sunk this morning in Asia, with Japan's benchmark Nikkei 225 losing 3.9 per cent, its biggest daily drop since March.

China witnessed its lowest stock market level in almost four years, while the Shanghai Composite ended the day down 5.2 percent.

The turbulent start for investors comes after the US stock market tumbled, with the Dow Jones Industrial Average sinking last night by more than 800 points.

The S&P 500 fell to a fifth-day straight loss yesterday, the longest slump since President Donald Trump was elected, as Wall Street endured its sharpest one-day fall in months.

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